Audit Due Date

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

29 September 2010 Corporates -

Under IT Act, Accounts To Be Audited Before 30th September if Applicable.

My Question is What is Due Date for Statutory Audit For Corporates.

What is written in Companies Act 1956 .
Provide Section.That Companies Should Audit Accounts Before................

Ajay Mishra

Ajay Mishra (Expert)
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29 September 2010
Under Income Tax, accounted for the Accounting Year 2009-10 should be audited and signed till September 30, 2010.

In case of Statutory Audit for the Accounting Year ending 2010 is before September 30, 2010 and it should be signed and adopted by the shareholders in AGM till September 30, 2010.

In Companies Act, 1956 for the Financial Year 2009-10, the account should be adopted by the shareholders before the September 30, 2010.

Regards

CA Suraj Lakhotia

CA Suraj Lakhotia (Expert)
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29 September 2010 1. Due date of Tax Audit Report is extended till 15th of October for AY 2010-11.

Since Audited Accounts is to accompany the Notice of AGM and as 21 days clear notice is required for conducting AGM, it is advisable to sign the audit report on or before 4th September.

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Ankur Garg

Ankur Garg (Expert)
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29 September 2010 You have to adopt a/c in the AGM upto sept 30 every year as desired by section 210.

For adoption of a/c in BM last would be around sept 06.

So as per my understanding audit should be completed upto the end of august month in order to adopt the same in BM and AGM in sept.

Regards

Querist : Anonymous

Querist : Anonymous (Querist)

30 September 2010 It Means If I M Auditing Any Company, Then I Hav To Provide Date of Auditing Before 4th September.

Otherwise Wat are the Consequences.......